Valence Discovery Announces $8.5 Million In Seed Funding To Scale Ai-Based Generative Chemistry Engine And Collaborations With Leading Discovery Organizations
Valence Discovery Announces $8.5 Million In Seed Funding To Scale Ai-Based Generative Chemistry Engine And Collaborations With Leading Discovery Organizations
12/15/21, 12:00 PM
Location
montreal
Money raised
$8.5 million
Round Type
seed
Valence Discovery (“Valence”), a leader in AI-first design of novel chemistry against previously intractable biology, announced today that it has closed an oversubscribed US$7 million seed financing. The financing, which was co-led by Fifty Years and Air Street Capital, with participation from Amplitude Ventures, Phoenix Venture Partners, and Abcam founder and former CEO, Jonathan Milner, adds to US$1.5 million raised previously, bringing Valence’s total seed funding to US$8.5 million. The new funds will support expanding Valence’s AI-based generative chemistry engine, scaling its partnerships with world-class discovery organizations, further building a leading team of interdisciplinary scientists, and advancing internal drug discovery efforts.
Company Info
Location
montreal, quebec, canada
Additional Info
Valence is building the world’s most powerful chemistry engine. The company has pioneered the application of few-shot learning in drug design, along with the development of best-in-class AI methods for molecular representation, structure and ligand-based de novo design, and multiparameter optimization, enabling the design of novel chemistry against previously intractable biology. Valence’s AI-based generative chemistry engine has been extensively validated and is being used to identify and design drug candidates in collaboration with industry-leading partners. Valence was founded in 2018, is advised by deep learning pioneer Dr. Yoshua Bengio, and is proudly headquartered in Montreal at Mila, the world’s largest deep learning research institute, with an office in Cambridge, Mass. To learn how Valence can accelerate your drug discovery efforts, please visit www.valencediscovery.com.